Are You Ready?
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John was 39 when the bad news hit: His department was being moved offshore. Since joining the company ten years earlier, he had worked his way up to a solid position in middle management with a decent salary and great benefits. Now, he was out of a job.
Having spent his entire adult life in corporate positions, he knew he could go job hunting. But this was the third time he’d had a “secure” position shot out from under him, whether through downsizing, restructuring or other reorganization. With a wife and two children to clothe and feed, he was no longer willing to trust his future to this game of corporate roulette. It was time to go into business for himself.
One of the biggest reasons for the self-owned business boom is that people love the benefits of working for themselves either part time or full time and enjoy the freedom they gain from designing their own prosperity. No more commute and no more boss. You get to choose when you work, how you work and with whom you work. Best of all, you don’t have to make the agonizing choice between time for family and time for business.
E-mail, cheap teleconferencing and a new generation of Web tools make it possible to run a fully competitive business from a home desktop. As a home-based businessperson, you can expand your business to Chicago, San Francisco, Hong Kong and London—and still make the little league game.
There is far greater opportunity to make money by building your own business than by working for someone else. There was an implicit trade-off in the old 40-year plan: Working for a firm typically meant there was a fixed ceiling to the wages one might earn, but the benefits and job security were worth it. Now that the benefits and job security (half of the equation) are evaporating, millions are asking, why settle for that arbitrary income ceiling?
So what does it take? First, let’s look at what it doesn’t take. You don’t need an MBA or high-powered business background, and you don’t need to be rich or to take a second mortgage on your home. Some self-owned business opportunities require expertise, such as consulting, or can take significant capital investment and possibly training, such as real estate investing and franchises; some can be started on a shoestring and prove quite lucrative, including direct selling and online opportunities. Many of the greatest entrepreneurs of our time began with no advanced degrees and hardly any startup capital.
But make no mistake about it: What you save in cash capital you will make up for in sweat equity and passion. The major investment in most self-owned businesses is investment of one’s self in the form of time, focus and persistence. You don’t need to be a genius at negotiation, sales, or a whiz at numbers. You do need burning desire and determination fueled by a strong dose of passion!
Are you ready to find out if you are right for your own business?
All you have to do is visit:
www.prepaidlegal.com/hub/jefferyfreezeland
Article author
About the Author
Opened in January of 2006. My personal mission is to provide our members with expert and professional legal representation. In addition, Pre Paid Legal Services, Inc. offers business consulting services to home based and conventional business owners. We also offer identity risk management using the services of Kroll America Inc.
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